904 904-906 N Ogden Drive, West Hollywood, CA 90046
Property
Sold May 2024
Listing Agent: Saadia 'Sam' Liberow (DRE #01933858) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Daniel Bahr · CORE Commercial Real Estate, Inc. · MLS #24362253 · Source: CRMLS
About this property
This unique property, hitting the market for the first time in over 50 years, presents a rare and exclusive opportunity for ownership. The prospect of acquiring a property that has remained off the market for more than five decades adds a distinctive allure to this investment. Offering a blank canvas for potential buyers, all three units of 904-906 N Ogden Dr will be delivered fully vacant. The property features an appealing unit mix, including one one-bedroom/one-bathroom unit and two three-bedroom/two-and-a-half-bathroom units. The front building is a side-by-side three-bedroom/two-and-a-half-bathroom townhouse, while the back unit is a one-bedroom/one-bathroom private home that may have the potential for conversion to a two or three-bedroom unit, subject to buyer verification. Anticipating a return on cost of approximately 6.04% post-renovations, this property in the vibrant West Hollywood area stands out with its above-market return potential. Savvy investors can also explore adding in ADUs easily since they wouldn't be inconveniencing any existing tenants, allowing them to move and build around the property unobstructed. The prime location, excellent walkability, and strong demographics further contribute to the overall appeal and investment potential of this property.
Listing description from the May 2024 sale, as reported to CRMLS.
Sale history